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Jan 07, 2026
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EUR/USD Chart on the hourtly time frameThe pair continues to move within a short-term downtrend, with limited technical bounce attempts emerging from support levels near the recent low. The price is trading below its moving averages, reflecting continued negative pressure, while the MACD indicator remains in negative territory with the downward momentum slowing, suggesting a possible consolidation or limited bounce before the trend resumes. Overall trend: Corrective downtrend Expectation: Holding above 1.1670 could allow for an upward correction towards 1.1730, while a break below support would bring renewed pressure towards 1.1635.
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